Convergence Investment Partners LLC acquired a new stake in Johnson Outdoors Inc. (NASDAQ:JOUT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,135 shares of the company’s stock, valued at approximately $669,000. Convergence Investment Partners LLC owned approximately 0.09% of Johnson Outdoors as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. American International Group Inc. raised its holdings in shares of Johnson Outdoors by 7.2% during the 1st quarter. American International Group Inc. now owns 3,020 shares of the company’s stock worth $110,000 after acquiring an additional 202 shares during the period. Smith Asset Management Group LP purchased a new position in shares of Johnson Outdoors during the 2nd quarter worth $149,000. Nordea Investment Management AB purchased a new position in shares of Johnson Outdoors during the 2nd quarter worth $174,000. ClariVest Asset Management LLC purchased a new position in shares of Johnson Outdoors during the 2nd quarter worth $174,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Johnson Outdoors during the 3rd quarter worth $206,000. Institutional investors own 61.31% of the company’s stock.

JOUT has been the topic of several analyst reports. ValuEngine upgraded Johnson Outdoors from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research lowered Johnson Outdoors from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, Forward View restated a “buy” rating and issued a $72.00 price objective on shares of Johnson Outdoors in a report on Sunday, September 3rd. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $67.00.

In related news, Director Thomas F. Pyle, Jr. sold 1,000 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $63.16, for a total value of $63,160.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 3,950 shares of company stock worth $255,429. 28.03% of the stock is owned by insiders.

Shares of Johnson Outdoors Inc. (NASDAQ JOUT) opened at $72.81 on Friday. The stock has a market cap of $704.65, a PE ratio of 25.18 and a beta of 0.67. Johnson Outdoors Inc. has a fifty-two week low of $31.25 and a fifty-two week high of $76.18.

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Johnson Outdoors Company Profile

Johnson Outdoors Inc is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment’s brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment’s brands are Eureka!, Jetboil and Silva.

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Institutional Ownership by Quarter for Johnson Outdoors (NASDAQ:JOUT)

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